Mujeres Trabajando Group
They have now decided to form a group of eight people in order to request a loan from ODEF. The group is called Mujeres Trabajando (Women Working). In the photo Martha Lidia is on the left and has on an ochre colored blouse. Gladis, wearing a pink blouse, is next. Then, there is Lenis in a white blouse, María Angelina in a brown blouse, María de la Cruz in a red and black blouse, María Mercedes in a red blouse, María Norma in a white blouse with black, and Blanca is on the right in a yellow blouse.
Each member of the group is requesting 14,000 lempiras, making a total of 112,000 lempiras. They have requested the loan to buy land where they will build a small poultry farm. They are receiving help for their business from an institution that will give them seed money and technical assistance in order to start it.
Martha’s goal for the future is to be able to improve her house and to help her child.
About Organización de Desarrollo Empresarial Femenino Financiera, S.A.This loan is administered by Organización de Desarrollo Empresarial Femenino Financiera, S.A. (ODEF), a Kiva Field Partner in Honduras. A leader in the microfinance sector since 1985, ODEF strives to combat poverty by offering a wide array of financial services to low-income men and women. The organization works with its parent NGO, ODEF OPD, to provide training and technical assistance to impoverished microentrepreneurs. By incorporating the entire family unit in this process, ODEF OPD aims to improve the standard of living through the creation of profitable enterprises. Visit ODEF’s partner page for more information.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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